Travelling abroad? Don’t be tempted to pay your way using your home currency

Leave a comment

Click the link below the picture


Part of the joy of travelling comes from experiencing the unfamiliar – a different climate, culture or cuisine. But when it comes to paying for things abroad, we might feel more comfortable using the currency we are most familiar with, the one we use at home.

This has recently become a common – and expensive – option for tourists withdrawing money from cash machines, or paying electronically in shops and restaurants.

When a restaurant bill arrives for example, foreign customers may be offered the choice on the card reader to pay in their home currency rather than the local one. This feature, known as “dynamic currency conversion” or “currency choice” sounds appealing at first – a service which has done the hard work for you, converting the bill to a currency you understand, giving you a better idea of how much money you are spending.

But it comes at a price – as the fees charged for this convenience can be exorbitant. In fact, one study shows that the average fee applied to this kind of conversion is a whopping 7.6%, more than double the cost of paying in the local currency (usually between 1.5% and 3%).

So suppose a French traveller goes out for dinner in a British town, and the final bill comes to £88.43, the equivalent of €100. Paying in UK currency, which would then converted to euros by the French diner’s bank, would lead to a payment of around €102. But using the dynamic currency conversion to pay the restaurant bill directly in euros would end up costing them €107.60.


Catarina Belova/Shutterstock



Click the link below for the article:





Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Banter Republic

It's just banter


Unlock the World of Knowledge with KnowlExplo


Your go-to platform for answering online "what" questions on a wide range of topics, providing accurate and reliable information to satisfy your curiosity.


The mill of academic learning


this love fairy fell in love with her ghost

Travelling Light UK and beyond

Seeing the sights on and off the Harley-Davidson

Flip Side - Word Up!

I will endeavor to present you with a Word Up blog that may be completely flip side to popular opinion! I pray that all my reads challenge you the reader!

Stil unic!

Stilul face diferența!


Shelves of Guidance

Laws and Claws

Like you, but with claws.


Our opinions don't stink!

Fantastic Planet 25

A Portal To Another Green World

heard + felt

navigating life after trauma


Για του Χριστού την Πίστη την Αγία και της Πατρίδος την Ελευθερία...!

masks and tales

bunch of atoms, with a bunch of masks and tales

Cuentos, relatos, poemas y crónicas de

Chalo, 95' Soy lo que juré crear y destruir. Escribo para ser libre


Right writing , speaking and loving



The Sage Page

Philosophy for today


Ideas, opinion, tips, advice, inspiration, and motivation of daily life.

Water for Camels

Encouragement and Development for Social Workers and Those with a Mission of Helping Others

The Orthosphere

Wherever an altar is found, there civilization exists - Joseph de Maistre

Clouds Curiosity Corner

A community of movie lovers to discuss all things cinema related! Reviews, suggestions, and more! <3

A dreamAchieve.wordspress.com

Achieve your goals with hard work


Fresh hacks every day

Babsje Heron

Great Blue Herons: A study in patience and grace

Print Test Page

Check Your Printer Quality


songs unheard by the poet next door

This, that and the other thing

Looking at life through photography and words

The Wild Coach

You are an important nexus of energy

Cindy Bruchman

Photography. Observations. Adventures. Let's talk.

Time To Talk Beauty

A world of beauty ... from Scotland

Julia's books

Sharing my passion for books with views, news and reviews

Tasty Eats

Tasty recipes from chef Ronit Penso's kitchen

Cruzar la Noche

Poemas y Cuentos para Insomnes

My World

<meta name="p:domain_verify" content="8d9ac2e0a18e01ddc774daf55e52f1f6"/>

%d bloggers like this: